TRIPOLI (Reuters) -Libya’s Zallaf for Oil and Gas Co said on Wednesday it has exported its first oil shipment from the Chadar oil field in the Sirte Basin, southeast of Ajdabiya in eastern Libya.
The subsidiary of Libya’s National Oil Corporation did not disclose the destination of the shipment of more than 600,000 barrels of high-quality Sidra crude in a statement on its verified Facebook page.
At the Chadar field, also known as NC-126, more than five development wells have been completed within the first phase of the project, Zallaf said. Daily production there started in January with more than 7.5 million cubic feet of associated gas and 1,500 barrels of crude.
In March 2023, Zallaf signed a contract with U.S.-based Honeywell for engineering work on the planned South Refinery project, likely to cost $500 million to $600 million. The refinery would process about 30,000 barrels per day of crude oil, producing conventional petroleum products.
(Reporting by Ahmed Elumami; Editing by Leslie Adler and Richard Chang)
